Top Crypto Analyst Sees Bitcoin “Consolidating Nicely” Before Breakout
- Bitcoin is consolidating ahead of a breakout towards a new all-time high.
- Price action around key levels will determine Bitcoin’s next movement.
- Dropping lower will create a liquidity spot for Bitcoin.
Bitcoin’s latest consolidation is attracting interest from top cryptocurrency analysts, with many watching for a move that could trigger a new all-time high. One such analyst, Michael van de Poppe, has highlighted the key price levels that he believes could trigger a massive breakout ahead of a retest of the $112,000 all-time high.
In his latest post on X, the renowned cryptocurrency analyst applied the 4-hour BTCUSD chart on TradingView to highlight the crucial levels and what he expects from Bitcoin in the future. Van de Poppe noted that $108,924 marks a critical price for Bitcoin. He believes it is the most crucial level in the current situation and a price BTC needs to break above to confirm momentum.
In the meantime, the analyst spotted several levels that could significantly affect the Bitcoin …
The post Top Crypto Analyst Sees Bitcoin “Consolidating Nicely” Before Breakout appeared first on Coin Edition.
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Top Crypto Analyst Sees Bitcoin “Consolidating Nicely” Before Breakout
- Bitcoin is consolidating ahead of a breakout towards a new all-time high.
- Price action around key levels will determine Bitcoin’s next movement.
- Dropping lower will create a liquidity spot for Bitcoin.
Bitcoin’s latest consolidation is attracting interest from top cryptocurrency analysts, with many watching for a move that could trigger a new all-time high. One such analyst, Michael van de Poppe, has highlighted the key price levels that he believes could trigger a massive breakout ahead of a retest of the $112,000 all-time high.
In his latest post on X, the renowned cryptocurrency analyst applied the 4-hour BTCUSD chart on TradingView to highlight the crucial levels and what he expects from Bitcoin in the future. Van de Poppe noted that $108,924 marks a critical price for Bitcoin. He believes it is the most crucial level in the current situation and a price BTC needs to break above to confirm momentum.
In the meantime, the analyst spotted several levels that could significantly affect the Bitcoin …
The post Top Crypto Analyst Sees Bitcoin “Consolidating Nicely” Before Breakout appeared first on Coin Edition.
Read More